
Will the U.S. Default? Debt Ceilings, Government Shutdowns, and the National Debt
Money For the Rest of Us
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Government Bonds - What Are the Challenges?
Almost six billion dollars worth of union bonds were issued to help fund the civil war. The interest would be paid in gold, or in dollars that were backed by gold. That was the currency up until the federal reserve was established in 19 13. Columbia, mexico, spain and venezuela all defaulted five times between 18 hundred and 19 13. I don't think we but you never know.
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